FxWirePro
Long

EUR/CAD breaks minor trend line support, good to buy at dips

FX:EURCAD   Euro Fx/Canadian Dollar
102 0 3
EUR/CAD has made a low of 1.4250 and started to recover from that level. It is currently trading around 1.3105.

The pair has broken minor trend line resistance 1.4308 (trend line joining 1.4556 and 1.4488) and this confirms minor bullishness, a jump till 1.4382 (Cloud bottom) /1.4404 (50% retracement of 1.4556 and 1.4250) is possible. Minor resistance is around 1.4155 (trend line joining 1.4333 and 1.43180).

The major resistance stood at 1.4460 (200 day HMA) and break will take to new level around 1.4500.

On the downside minor support is around 1.4295 and break below targets 1.4280/1.4250.

It is good to buy at dips around 1.4305-4307 with SL around 1.4294 for the TP of 1.4380/1.4405

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